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In response to the proposals on taxation of the digital economy published on 21 March 2018 by the European Commission, the European Banking Federation emphasises that only a global approach would have the potential to ensure a level-playing field and avoid unintended double taxation. As main actors in the digital single market, banks take note of the new approach on digital taxation adopted by the EU. Unilaterally introducing new rules in the international corporate income tax framework and adopting an interim Digital Services Tax can challenge the way the digital economy is currently evolving.
The EBF expresses its support to the forward-thinking approach adopted by the OECD/G20 in their interim report of 16 March which aims to deliver a global consensus on the...
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